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IF YOU ARE VAT REGISTERED AND HAVE A TURNOVER IN EXCESS OF £85,000 – MAKING TAX DIGITAL WILL APPLY TO YOU

Making Tax Digital - Cottons Chartered Accountants

If you are VAT Registered and have a turnover in excess of £85,000 – Making Tax Digital will apply to you – please read the article below.

Please read the whole of this article before taking action.

If your software is MTD compliant you need to ensure that you are also signed up for MTD with HMRC. You can sign up after leaving at least 24 hours after your final Non-MTD VAT return has been accepted unless you have a direct debit set up in which case you must sign up as specified in the table below.

FIRST VAT RETURN UNDER MTD
SIGN UP PERIOD STARTS
SIGN UP PERIOD ENDS 
Month ending April 201915-May-1930-May-19
Quarter ending Jun 201915-May-1930-Jul-19
Quarter ending Jul 201915-Jun-1929-Aug-19
Quarter ending Aug 201915-Jul-1927-Sep-19

Before you start, you’ll need your government gateway user ID & password and your VAT number to hand.

  1. Go to https://www.tax.service.gov.uk/vat-through-software/sign-up
  2. Follow the on-screen instructions
  3. You’ll receive an email within 72 hours to confirm that you can submit returns using software that’s compatible with Making Tax Digital for VAT

If you would like us to complete the sign up process for you then please contact a member of our cloud team on 01788 579033.


 

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